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So, that is a positive and a negative. Positive because that shows a lot of bullishness but negative because the markets are overstretched and overdoing it and it breeds a lot of excess optimism

​Some valuation can happen but it is a small part of their overall value like if you look at the total value of ITC at Rs 6 lakh crores hotels would account for maybe Rs 25000-30000 crores at the outset.

We like LT Foods, we believe that stock has got significant legs particularly considering what is happening in Ukraine and Russia. Russia is marginalising Ukrainian grain coming to the market that is going to lead to the other staple which is rice doing very well.

Infosys has trimmed its revenue guidance for FY24 on weak global macro environment. The company now sees its revenue growing at just 1-3.5% in constant currency terms.

Brent oil prices were little changed on Friday and were set to close flat for the week after three straight weeks of gains, as markets weigh lower U.S. crude inventories and tapering interest rate hikes against weak Chinese economic data that could cap demand.

The private lender has not set a reserve price but indicated that it would prefer an upfront cash offer, the same person said. The bank also informed ARCs that it would prefer to close the sale transaction by August. Bandhan Bank did not respond to ET’s request for comment.

According to corporate shareholding data available till June 2023, Damani, Damani publicly holds 14 stocks with a net worth over ₹166,949.6 crore with the largest being VST Industries where he is the single largest shareholder and India Cements, where his 21% ownership makes him the single largest public (non-promoter group) investor. Apart from being an investor in His other retail sector exposure is in Trent, the chain backed by Tata Group.

ITC shares tested a lifetime high of ₹493.7 on Thursday before closing as the best performer on the Nifty with nearly 3% gains at ₹491.50. The conglomerate also became the seventh Indian company to cross a market capitalisation of ₹6 lakh crore.

For US brokerage house Jefferies, Polycab is its most preferred stock in the mid-and-small cap space citing its consistent performance and promising outlook.

"In the short term, we see some clients stopping or slowing down transformation programmes and discretionary work," managing director Salil Parekh told reporters Thursday.